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Which choice is NOT an example of a good?
Doctor
Producer
Will everyone like it?
Having 4 pieces of pizza but you have 6 friends
How much of something you have available
Opportunity cost
A business selling something similar to your product
The place where supply meets demand
Who decides the supply that is released into the economy?
Doctor
Producer
Will everyone like it?
Having 4 pieces of pizza but you have 6 friends
How much of something you have available
Opportunity cost
A business selling something similar to your product
The place where supply meets demand
What is the best description for the term supply?
Doctor
Producer
Will everyone like it?
Having 4 pieces of pizza but you have 6 friends
How much of something you have available
Opportunity cost
A business selling something similar to your product
The place where supply meets demand
I have to choose between playing either basketball or volleyball. I am going to play volleyball because I am better at it. Economically speaking what would you call basketball, my second choice?
Doctor
Producer
Will everyone like it?
Having 4 pieces of pizza but you have 6 friends
How much of something you have available
Opportunity cost
A business selling something similar to your product
The place where supply meets demand
What does the equilibrium point on a supply and demand chart show?
Doctor
Producer
Will everyone like it?
Having 4 pieces of pizza but you have 6 friends
How much of something you have available
Opportunity cost
A business selling something similar to your product
The place where supply meets demand
Which choice is the best example of scarcity?
Doctor
Producer
Will everyone like it?
Having 4 pieces of pizza but you have 6 friends
How much of something you have available
Opportunity cost
A business selling something similar to your product
The place where supply meets demand
Which choice is NOT one of the 3 questions that economics tries to answer?
Doctor
Producer
Will everyone like it?
Having 4 pieces of pizza but you have 6 friends
How much of something you have available
Opportunity cost
A business selling something similar to your product
The place where supply meets demand
What is competition?
Doctor
Producer
Will everyone like it?
Having 4 pieces of pizza but you have 6 friends
How much of something you have available
Opportunity cost
A business selling something similar to your product
The place where supply meets demand
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